Russell Teams up with Vestmark for Tax-Managed SMAs

Rival SMA providers providing tax-managed strategies such as Aperio Group and Eaton Vance’s Parametrov and have received a lot of “visibility” for their direct-index strategies, says Jeff Strange, relationship manager at FUSE Research Network. Russell will likely stand out because they’re offering actively managed SMAs, he adds. FUSE has relationships with both Russell and Vestmark. “It’s really [Russell] bringing their investment expertise to the market, which wasn’t there before in SMAs,” he says. “A challenge for a lot of firms is having the operational horsepower to do it.”

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Article published on August 14, 2020